Consumer Credit Creditors Financial services Garnishment 
Troutman Sanders
NOVEMBER 13, 2023
Another revision makes it mandatory for hospitals seeking to garnish a patient’s wages or bank accounts to include with the summons and complaint initiating such action an “affidavit of expert review” making various certifications.
FFGN COLLECT NY
JANUARY 10, 2024
Hochul made it clear that the state will assist consumers in New York by adding greater consumer protections—a plan that will affect creditors and debtors alike. More specifically, the Department of Financial Services will crack down on the “buy now, pay later” industry. Over 700,000 New Yorkers have medical debt.
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Collection Industry News
MARCH 17, 2024
Hochul made it clear that the state will assist consumers in New York by adding greater consumer protections—a plan that will affect creditors and debtors alike. More specifically, the Department of Financial Services will crack down on the “buy now, pay later” industry. Over 700,000 New Yorkers have medical debt.
Troutman Sanders
NOVEMBER 2, 2020
State Activities: On October 30, Virginia Governor Ralph Northam signed House Bill 568, which automatically exempts emergency relief payments, as defined in the bill, from the creditor process, including garnishments and liens. For more information, click here. To read the full statement, click here.
FFGN COLLECT NY
JANUARY 6, 2023
Decreasing the legal rate of interest on consumer claims from 9% to 2%. Putting an end to the use of wage garnishments (income executions) in New York to collect medical judgments. Prohibiting a creditor from entering or enforcing a medical judgment by placing a lien against a debtor’s primary residence.
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